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To be fair, one or other of them (they seem to operate as a pair) took a punt at 60p and have said that is also their exit point, at which point, as I am fairly happy it'll recover that price and reasonably soon, they will have no interest in this board and I would hope that'll be the last that we hear from them as it's not like they post much of interest.
Looks like it'll fill the gap down from Nov 22nd - 25p on deck - front-running the ongoing re-purchase would seem a reasonable short term trade.
That's a reach - share price up 25% today - 10% yesterday - 100% in two weeks - yet Albermale / Sqm etc., seeing nothing of the same - down today in fact.
There's more going on here and I think 9.4mm shares as an increasingly synthetic short out there (as price improves they are shorter and shorter) goes further to explain matters - sentiment toward CTL has shifted gear and the short is under increasing pressure to re-purchase and lock in their win. Just risk management from here for them. We've had to wear their selling now we get the relief as they reverse it.
I'll re-post this - my suspicion is growing toward them re-purchasing. If this continues to follow through over the next few weeks (9.4mm shares to buy back after all) then it'll make for an interesting period (absent various RNS which we also know are in the works) - taking a rough poke at it - the average sale price likely somewhere around 40p on those shares - we know they started taking delivery of the 9.4mm in early September and received the last tranche in early Feb....
You're good - was not toward your comment.
Are we starting to see some risk management creeping in here. If the lender disposed pell mell 9.4 million shares and it’s now turning up it could well be that they are starting the repurchase leg - clearly this would be much more conservatively done than the selling but it would mean as the price rises that we have a natural buyer offering ever more support. Speculative as entirely based on the assumption that they sold the collateral but does mean that there are an awful lot of shares that will need re-purchasing….
To be fair - what monoff is suggesting makes perfect sense and is entirely correct in its construction. I don’t agree with the inference however your retaliatory post is misplaced.
Dear old dentures, struggles to say a thing of value.
Ah dentures, perhaps if you did a little research you'd have some working hypothesis as to the drop. It's not over complex for most. As to the base, I see 17 bid and it does seem to be well supported since the inflection point a couple of weeks back and the plus 50% rally since. I'm reasonably happy that that was an inflection point for many reasons (the point of research). As to the drop since last year, I presently and still see this as irrational but have taken that drop to significantly increase my position from an already reasonable large position. It's called conviction, you should try some. As to why I strongly believe we've seen the low (i've not called it previously I believe but am happy to stand corrected - at most I've said the drop is unwarranted (which is not the same as calling the bottom, which I now have)), there is a great deal of newsflow coming over the next few months - i am expecting to see news every couple of weeks pretty much through to the summer. Allied to the newsflow will be a few catalyst events which taken together are likely to propel the price on strongly from here. Of course this is only my considered opinion which may or may not prove to be wrong though I have backed myself, handsomely. I'll elaborate on my thesis if necessary, meanwhile I look forward to reading (for once) any evidential basis that you may be able to offer to back up your missives.
Looks like it’s setting up a decent base to finally put the last 6 months of nonsense behind us.
"sewn up" - yes - I recollect comments going back into last year when ASX was originally programmed for September ish that getting the required number of shareholders was a done-deal. Events since then are likely to make their listing a very lively one - am looking forward to price action on launch. Very little day 1 liquidity given the size of the issue being made there. It'll be interesting to see how the two markets talk to one another, I imagine it could be a lively share in terms of converting across to the Aus listing.
Yes - new issue cap - uk can participate but it’s tiny - enough to satisfy exchange listing requirements (200 local shareholders) - probably all of a few million aus all in - they wouldn’t want to over issue down here….
Sure am dentures.
Hey Daltry,
perhaps, if you are keen on eliciting my, or indeed anyones comeback, your time would most likely be more profitably spent scraping down your wife's dentures as opposed to posting here.
just a thought.
Yes and if you look at every presentation there has always been a caveat about the option agreement. On the few times it's been spoken off / ghosted over its always been a bit of a meh... now dispensed with. No such other caveat has been spoken off wrt FB - the other two greenfields are altogether different animals. To my mind it's spring cleaning and I am glad of it - perhaps the holder was pushed along by the national lithium strategy - saw little more upside and so made for the table.
It’ll be nice to crack 15 properly
Just to be clear - what is expected in July is the culmination of the present process (indications of interest) - they are being done at present - expect CTL to announce resubmission of their updated ceol application in next few weeks. July should bring the confirmation in those which will move forward and those that can expect more rigorous examination. The expectation is that with the work done on the ground by CTL with the local communities that our projects will be green lighted for the ceol award which is then expected to take up to a further 3 months (ie; July green light for an October award)
Looks very much like they have an ausy replacement in mind - that would make a lot of sense and likely they already have designs on who.
If the collateral has been sold which we suspect it has - that’s 9.4mm shares the lender will eventually have to repurchase - as the share price rises they are on hoc to deliver - it’s a synthetic short position….
We also now know with some degree of certainty that there is a very large short position out there - it will be very interesting to see that get squeezed.